Alexander’s parents are saving for his college fund. they put $8,000 into an interest-bearing account with an annual compound interest rate of 4.5%. alexander’s parents want to determine what the balance of his college fund account will be after 12 years. which formula would be used for this situation? a = (8,000 + 0.045)12 a = 8,000(1 + 0.045)12 a = 8,000(1 + 0.12)4.5 a = 8,000 · 0.045 · 12i no longer need the answer is b for anybody else who needs it